Spar Nord to issue tier 2 capital for DKK 400 million

Spar Nord to issue tier 2 capital for DKK 400 million

Effective 19 June 2018, Spar Nord will issue capital certificates eligible as tier 2 capital. The issue, which totals DKK 400 million and has been earmarked for a small number of professional investors, has a maturity of ten years with a first call option after five years.

The interest rate on the issue for the first five years of maturity has been agreed at 2.5348 %. The issue is a part of Spar Nord’s ongoing refinancing of subordinated capital.

The issue is arranged by Spar Nord Markets.

Please direct any questions regarding this release to Ole Madsen, Senior Vice President, Communication & Business Development, on tel. 45 96 34 40 10 or oma@sparnord.dk.

Spar Nord

Ole Madsen
Senior Vice President, Communication & Business Development

Direct phone: 96344010
oma@sparnord.dk

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• Nr. 8 - supplerende kapital - UK